The chart is designed to show which stage of the cryptocurrency market cycle we are currently in. It was trained on data from the blow-off tops seen in 2013 and 2017, and as such, is particularly good at recognizing times when Bitcoin is approaching peak exuberance.
Unlike the other indicators on this list, the CBBI index aggregates multiple other indicators into a single CBBI score that ranges from 0 to 100.RUPL/NUPL Chart: Measures HODLer behavior for market cycle predictions.: Tracks Bitcoin's long-term price trend.: Indicates market tops/bottoms based on realized/unrealized value.Woobull Top Cap vs CVDD:The higher the number, the higher the chance that Bitcoin is at its top this cycle.
At the time of writing, it’s sitting at a comfortable 25 — a major recovery from 2, seen in December 2022. This indicates the worst of the bear market is now behind us.Writer’s Disclaimer: This article is based on my limited knowledge and experience. It has been written for educational purposes. It should not be construed as advice in any shape or form. Please do your own research.
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